Hoboken, NJ

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Hoboken, NJ Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hoboken Housing Market Information

With a population of 55,131, 24,812 total housing units (homes and apartments), and a median house value of $733,824, Hoboken house prices are not only among the most expensive in New Jersey, Hoboken real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Hoboken, accounting for 75.17% of the city's housing units. Other types of housing that are prevalent in Hoboken include duplexes, homes converted to apartments or other small apartment buildings ( 19.73%), row houses and other attached homes ( 3.41%), and a few single-family detached homes ( 1.56%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Hoboken is dominated by renter-occupied one, two, or no bedrooms apartments. 68.22% of Hoboken's dwellings are rentals.

The housing in Hoboken was primarily built before 1939 ( 37.25%), making the housing stock in Hoboken some of the oldest overall in America, although there is a range of ages of homes in Hoboken. The next most important housing age is between 2000 and later ( 27.77%), followed by between 1970-1999 ( 18.90%). There's also some housing in Hoboken built between 1940-1969 ( 16.08%).

Hoboken Home Appreciation Rates

Appreciation rates for homes in Hoboken have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 24.98%, which ranks in the top 30% nationwide. This equates to an annual average Hoboken house appreciation rate of 2.26%.

NeighborhoodScout's data show that during the latest twelve months, Hoboken's appreciation rate, at 4.42%, has been at or slightly above the national average. In the latest quarter, Hoboken's appreciation rate has been 0.62%, which annualizes to a rate of 2.49%.

Relative to New Jersey, our data show that Hoboken's latest annual appreciation rate is higher than 70% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hoboken differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hoboken - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hoboken real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,178,000 20.1
$884,001 - $1,178,000 16.3
$589,001 - $884,000 34.7
$471,001 - $589,000 12.8
$354,001 - $471,000 10.8
$236,001 - $354,000 2.2
$118,001 - $236,000 0.9
$59,001 - $118,000 0.5
$0 - $59,000 1.6

Very High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
2.82627737226277 9.6969696969697

Number Of Homes And Apartments:

Hoboken Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
100.58% 3.68%
* 10 is highest

Rent & Ownership


Average Market Rent:
$3,180 / per month

Homeownership Rate

Owners 31.78
Renters 68.22
Vacant 8.05

Housing Market Details


Age of Homes

2000 or Newer 27.8
1970 - 1999 18.9
1940 - 1969 16.1
1939 or Older 37.2

Types of Homes

Single-Family 1.6
Townhomes 3.4
Small Apt. Buildings 19.7
Apt. Complexes 75.2
Mobile Homes 0.0
Other 0.1

Home Size

No Bedroom 4.48
1 Bedroom 35.84
2 Bedrooms 44.49
3 Bedrooms 11.25
4 Bedrooms 3.03
5 or more bedrooms 0.90